Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Down 64.5% in April

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 3,173 shares, a decline of 64.5% from the April 15th total of 8,933 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 8,585 shares, the short-interest ratio is presently 0.4 days.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

Invesco S&P 500 Equal Weight Financials ETF stock traded down $0.23 during mid-day trading on Friday, reaching $74.77. The stock had a trading volume of 5,178 shares, compared to its average volume of 12,783. The company has a market capitalization of $272.16 million, a price-to-earnings ratio of 16.51 and a beta of 0.87. The company has a 50-day moving average price of $73.54 and a two-hundred day moving average price of $75.75. Invesco S&P 500 Equal Weight Financials ETF has a one year low of $69.04 and a one year high of $81.29.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Financials ETF

A number of hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco S&P 500 Equal Weight Financials ETF by 32,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 78,575 shares of the company’s stock valued at $6,167,000 after acquiring an additional 78,332 shares during the period. Bank of America Corp DE lifted its stake in Invesco S&P 500 Equal Weight Financials ETF by 9.9% during the 3rd quarter. Bank of America Corp DE now owns 280,253 shares of the company’s stock valued at $21,798,000 after acquiring an additional 25,274 shares during the period. Thrivent Financial for Lutherans bought a new position in Invesco S&P 500 Equal Weight Financials ETF during the 3rd quarter valued at about $1,255,000. Sykon Capital LLC bought a new position in Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter valued at about $887,000. Finally, NewEdge Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight Financials ETF by 7.6% during the 3rd quarter. NewEdge Advisors LLC now owns 153,319 shares of the company’s stock valued at $11,925,000 after acquiring an additional 10,787 shares during the period.

About Invesco S&P 500 Equal Weight Financials ETF

The Invesco S&P 500 Equal Weight Financials ETF (RSPF) is an exchange-traded fund that is based on the S&P 500 Equal Weighted / Financials index. The fund tracks an equal-weighted index of financial stocks pulled from the S&P 500. RSPF was launched on Nov 1, 2006 and is managed by Invesco.